Close Your Trades Efficiently: A Guide to Using a MetaTrader 4 EA

Mike 2013.09.19 16:12 37 0 0
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Description:

Looking for a way to streamline your trading? This handy EA (Expert Advisor) for MetaTrader 4 keeps an eye on your open positions and closes them based on conditions you set. You have the flexibility to filter your trades by:

  • Magic Number: Easily identify specific trades.
  • Trade Direction: Choose between Short or Long positions.
  • Result: Close trades based on profit or loss thresholds.
  • Time Open: Specify how long a position should remain open.

This EA is also perfect for implementing hidden Stop Loss and Take Profit levels, giving you more control over your risk management.

Recommendations:

  • Keep in mind: Your EA can only close positions if your MT4 platform is connected to the server.
  • If you want to close positions at a specific time, make sure to set the correct GMT offset. For instance, if you're in the GMT +5:30 timezone, set gmt_offset_hours to 5 and gmt_offset_minutes to 30.
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